POLYCAB INDIA LIMITED pun...Connection Zindagi Ka To Listing Department National Stock Exchange of...

POLYCAB INDIA LIMITED (formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai - 400016 CIN: L31300q1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: shares©polvcab.com Website: www. polvcab.com

Date: 24th October 2020

To Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street Mumbai — 400 001

Dear Sir / Madam

pun Connection Zindagi Ka

To Listing Department National Stock Exchange of India Limited C-1, G-Block, Bandra-Kuria Complex Bandra (E), Mumbai — 400 051

Scrip Code: 542652 Scrip Symbol: Polycab ISIN:- INE455K01017

Sub: Corporate Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015

In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Corporate presentation on the unaudited financial results of the Company for the quarter and half year ended 30th September 2020.

Kindly take the same on your record.

Thanking you

Yours Faithfully

For Polycab India Limited

Sai Subramaniam Narayana Company Secretary and Compliance Officer Membership No.: F5221 Address: Polycab House, 771, Mogul Lane Mahim (West), Mumbai - 400 016

Registered Office: Unit No.4, Plot No.105, Halo! Vadodara Road,

Village Nurpura, Taluka Halol, Panchmahal, Gujarat-389350 Tel : 2676- 227600 / 227700

1

Corporate Presentation24 October 2020

Polycab India Limited | Corporate Presentation

Company Overview

Content

01

02

03

04

05

06

Leadership in Wires & Cables

Fast growing FMEG Business

Strengthening Brand Recognition

Strong Manufacturing & R&D capabilities

Robust Financials


Company Overview


Polycab: A Snapshot

Market leader in Wires and Cables1

12 - 13% Overall Market Share2

#1 Manufacturer in India PAN India Network

3,650+ Dealers & Distributors

1,37,000+ Retail Outlets

Manufacturing Footprint

25 Facilities, 7 locations

Strong backward integration

Note: FMEG: Fast Moving Electrical Goods; (1) In India, In terms of segment revenue; (2) As of March 31, 2020; (3) EBITDA - Earnings before Interest, Tax, Depreciation & Amortization excludes other Income; (4) PAT – Profit after tax

Strong Management Bandwidth

Blend of Entrepreneurial and highly experienced professional management

Proven Track Record

5 year CAGR

Revenue 13%

EBITDA4 21%, PAT5 37%

Fast Growing FMEG Brand

5-year CAGR at ~47%

4

Polycab India Limited | Corporate Presentation 5

Our Journey

1964 - 961996

1998

2006

2009

2011

2013

2014

2016

2017

2019

2020

Promoters established the business; manufacturing from Halol plant

Set up manufacturing facility for PVC insulated power cables house wires, telephone cables, optical fibre cables, switch board cables and quad cables at Daman

Company incorporated on Jan 10, 1996

Investment from IFC of INR 4,018 mn

Crossed INR 10,000 mn in revenue

Crossed INR 31,000 mn in revenue

Forayed into the switches segment

Diversification into fans and LED lighting segment

Manufacturing facility for MCBs at Nashik, Maharashtra

Manufacturing of ceiling fans at Roorkee, Uttarakhand

JV with Trafigura for copper rod manufacturing (Ryker)

JV with Techno Electromech for manufacturing of LED lighting products

IPO: Listing on BSE and NSE on 16 April 2019. 52x over subscribed

Commenced manufacturing Water Heaters

Inaugurated first ever Polycab Experience Centre

Bought out balance 50% stake in Ryker for copper rod manufacturing from Trafigura


Our Segments: An Overview% of Total Revenue

Notes: Consolidated Revenue in INR Mn

9%Fast Moving

Electrical Goods

6%Other (incl. EPC)

85%Wires & Cables

FY 20 Total Revenue

88,300 Mn


Increase in Consumer Spending, Infrastructure Growth and Industrial Investments to Drive Electricals Industry

Sources: 1. National Infrastructure Pipeline Task Force Report 2020, 2. Pradhan Mantri Awas Yojana (Urban) Mission, 3. Announcements by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman

• Metropolitan cities in India to increase from 46 in 2011 to 68 in 20301

• Working-age population to grow ~1.2x timesin the period 2015-2030

• Increasing propensity to Spend, demand for improved products and preference of Indian brands

• Per Capita Income CAGR of c.10% over last 5 years

• Developed Rural, Urbanization and Nuclearization of families

Consumer Spend

0.8 1.0 1.2 1.5

26% 28% 31%42%

Year 1991 Year 2001 Year 2011 Year 2030P

Total Population (in bn)

Infrastructure Development

• Government announced expenditure of ~ INR 111 lakh crore in infrastructure sector over next 5 years, as a part of National Infrastructure Pipeline (NIP),

• Energy, railways, urban and infrastructure to comprise ~72% of the expenditure

• Total Energy capacity expected to be 583 GW by 2025 from current 356 GW

• Housing for All by 2022 targeting 31mn households in the urban and rural areas –PMAY

• 100% electrification of existing railway network, mass rapid transit system and availability of public charging infrastructure

• 100% population coverage for telecom and high-quality broadband services and laying optical fiber cables across the nation under Bharat Net project

• Indian Electrical Equipment Industry plans to make India the “country of choice” for production of electrical equipment

• Indigenous manufacturing, self reliant India

• Cut in corporate tax rate to promote growth and investments

• Reforms and initiatives under AatmanirbharBharat Abhiyaan to support Indian economy:

• MSME funding, MGNREGS allocation, Agriculture reforms to boost income

• Liquidity Injection to revive DISCOMs and overall economy. Power Tariff reforms

• No foreign participation in < Rs 200cr Government tenders, Defence import ban.

• Affordable housing push through Credit Linked Subsidy Scheme. Industrial infrastructure upgrade scheme

Industrial Growth


Key Management Initiatives to create value

Focus on Profitability and Growth

Induction of Qualified Professionals

Expansion of Distribution Network

Enhance Brand Awareness and Customer Loyalty

Improvement in

Production Process

Improvement in

Supply Chain

Invest in CRM

Programme

Expansion of

Manufacturing Capacity


Leadership in Wires and Cables


Market leader in Wires & Cables with a diverse portfolio

FR (Flame Retardant)

FRLS (Flame Retardant Low Smoke)

ZHFR (Zero Halogen Flame Retardant )

Power CableOptical Fiber Cable

Solar Cable

Building Wires

Flexible Wires

Instrumentation Cables

Control Cables

Other Cables

Wide Customer Base across Industries…

Power Oil and Gas Construction

IT Park Infrastructure Metal

Non-Metal Cement Agriculture

Real Estate

Polycab is the largest Wires and Cables manufacturer in India, with a strong suite of products…

Telecom Railway


Polycab’s dominant position in Wires and Cables industry to capture attractive market size

Organized

Market Share in FY20(1)

Note: (1) Industry estimates, Polycab estimates; (2) Revenue in INR billion; No adjustment for Inter segment revenue

Marquee Customers Made to Stock Made to Order Innovative Products Availability

The Polycab Advantage

75

41

30

Polycab Peer 1 Peer 2

Distribution Supply Chain

Polycab 5-year C&W Revenue CAGR: ~11% Wires and Cables industry In FY201 :

40–45% of the electrical equipment industry

~ 500 – 550bn Market Size

Total

2.4x1.6x

FY20 Wires and Cables Revenue

18-20% 12-13%


Fast growing FMEG Business


FMEG : Expanding presence in ‘Electricals’ ecosystem

• Diversified portfolio with focus on the upcoming industry trends

• Inhouse Manufacturing

• Pan India Distribution

• Present in Fans, Lighting Luminaires, Switches, Switchgears, Water heaters, Pipes, Conduits, Agropumps, Solar etc.

Forayed in FY14 ...

• Common raw materials - higher negotiating power

• Manufacturing know how

• Strong brand goodwill in electricals space

• Economies of scale - Cost-savings in transportation & distribution

• Cross-sell opportunities to a larger customer base

2,1

67

3,3

56

4,8

53

6,4

33

8,5

36

3.8%

5.5%

7.0%8.1%

9.4%

FY16 FY17 FY18 FY19 FY20

FMEG Revenue (INR Mn) FMEG Revenue Contribution %

FMEG continues to become a sizeable part of the business - growing at 47% CAGR in past 5 years

… leveraging synergies


High Growth Opportunity in the Indian FMEG Industry

Fans

• Preference for energy efficient fans

• Value added products

• Increasing demand for premium and smart fans with aesthetic appeal

Switches Switchgear Lighting

93Bn 46Bn 210Bn 223Bn

Notes: Industry estimates, Polycab estimates; Figures in INR

Macro drivers include evolving consumer aspirations, increasing awareness, rising income, rural electrification, urbanisation, digital connectivity

• Customer preferences towards modular switches

• Demand for safe and secure switches

• Greater awareness towards building automation and management

• LV to outgrow MV / HV segment

• Modular devices and safe products gaining preference

• Rising demand for various electrical appliances

• Considerable shift towards LED segment

• Government efforts and consumer awareness towards energy efficient technology

• Emerging technology trends like Smart LED’s


Polycab Experience Centres: Expanding in ‘Electricals’ ecosystem

• Strategic showcase enabling consumers and tradeconstituents to experience and choose from a wide rangeof quality products

• At iconic electric markets hub which is also an importantfeeder market to western and southern India

• Deepens connect with direct customers in the FMEGmarket as well as retailers from upcountry

• Aiming to expand such experimental stores across keycities

• Currently in Mumbai, Pune, Trivandrum andVisakhapatnam


Strengthening Brand Recognition


Ayushmann Khurana (Actor)

Paresh Rawal (Actor)R Madhavan, Actor

Corporate Commercial, Elevated our brand amongst

Top 3 in house wires

Polycab became a household name with

the target audience

17

Strong Brand Recognition in the Electricals Industry..

2013 2014 2016- 2017 2018 2019

From B2B to B2C Our Brand Journey‘Connection Zindagi Ka’ was a hit with customers- the impactful narrative with their minds and hearts

2020

Associate On Air sponsorsT20 Premier League


163

FY14

Advertising and Sales PromotionExpenditure (INR mn)

0.4%

As % of Sales

Multi pronged approach

to increase brand

awareness

Actively engage Dealers

and Distributors

Loyalty Points via Bandhan

Star App

Increased Advertising on

Social Media and Sales

Promotion

… and strengthening it further using multi pronged approach

1.2%

1,087

FY20


Pan India distribution network to support diverse customer base and product categories

Sales & marketing through corporate office, 3 regional offices & 20 local

offices across India

3,650+ authorized dealers &

distributers

1,800+ dealers and distributors

pan-India exclusively for

FMEG

137,000+ retail outlets

By Product

FMEGCommon Wires and Cables

18% 30% 52%

By Geography

EastSouth North

22% 30% 27%

West

22%

Notes: The above charts represents split of authorised dealers and distributors

Our distribution reach


Catering to marquee customers

Oil & Gas

Infrastructure

Power

Metal

Cement

Government

Export

Telecom

Paints

Chemicals Auto

5.1%3.1%

12.3%

FY18 FY19 FY20

Revenue from outside India (% of total revenue)

Note: Companies served in past and present, directly or indirectly through authorised dealer/ distributors

73%

27%

19%

9%

Rest of theCustomers

Top 10 Customers

Top 5 Customers

Top Customer

Total Revenue Contribution in FY20


Strategic initiatives to drive sustainable growth over long term

Upgrading CRM software which will completely digitize pre-order sales activities, increase productivity, better customer management, improved response time, information sharing & retrieval, and enhance cross selling

Pan India customer relationship management program covering 1,54,000+ electricians & 47,000+ retailers

Strategic initiative aimed at increasing market share in FMEG and retail wires segments; has increased retailers & distributors in the c.125 locations

Provides visibility on secondary sales and automates replenishment of inventories with distributors

Bandhan Project JoshSales ForceAutomation

DistributorManagement

System


Strong Manufacturing & R&D capabilities


Inhouse Manufacturing with a high degree of backward integration and Automation…

Multi-location manufacturing (Products1; Annual capacity)

1. Figures are absolute numbers where no units are indicated as of 31st March, 2020;

Halol

Braiding Machines Cable CCV Line

Fan Manufacturing Unit

Halol & DamanWires & Cables 3.7mn kms

NashikSwitches & Switchgears 7.2mn

RoorkeeFans 3.1mn

WaghodiaCopper Rods 0.22mn tonnes

ChanniLighting & Luminaires 18.2mn


…Strong R&D and innovation capabilities with quality assurance

Supported by quality & reliability initiatives…

Green Wire

Our ecological initiative

Launched Green Wire in 2017 an energy efficient and environment-friendly product that contributes to India’s ‘Go Green’ mission

Investments in in-house R&D capabilities with strong focus on backward integration…

• NABL ISO 17025 certified R&D centre to support own manufacturing

• Over 100 engineers and technicians

• Centre of excellence for R&D on polymers

• Bought out Ryker further strengthening backward integration of operations and improve quality of its key input i.e. Copper

• Ryker Plant copper analysis center for both incoming and out -going raw materials

• Existing facilities for key raw materials with continuously improving R&D capabilities to capitalize on industry trends

• Environmentally friendly power cables, rubber (elastomeric) cables and electron-beam irradiated cables

https://www.google.co.in/url?sa=i&url=https://en.wikipedia.org/wiki/International_Electrotechnical_Commission&psig=AOvVaw1UXpyBg7cZgQmOGaqoNlQi&ust=1576675493890000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCOiix4nkvOYCFQAAAAAdAAAAABAD


Robust Financials


4,860 5,177

7,418

9,50411,276


52,075 55,36567,831

79,85688,300


26

Proven track record of financial performance

Revenue (INR mn) EBITDA (INR mn) PAT (INR mn)

Notes: (1) Numbers on consolidated basis (2) Financials for FY16-FY20 have been prepared using IND AS (3) Revenue: Revenue from operations (4) EBITDA excludes Other Income (5) CAGR - five years

Strong manufacturing capability

Expansion of Distribution Network

Focus on Profitable Growth

Delivering steady growth + profitability

EBITDA Margin % PAT Margin %

1,880 2,4063,586

5,003

7,656


9.3% 9.4%10.9%

11.9% 12.8%

3.6% 4.3%5.3%

6.3%8.7%


Proven track record of financial performance

ROCE/ROE (%) Debt/Equity ratio Capital Expenditure (INR mn)

Notes: (1)Financials for FY16-FY20 have been prepared using IND AS (2) ROCE (Return on Capital Employed) is (Profit before tax plus finance cost) divided by closing value of (non-current borrowings plus current borrowings plus current maturities of non-current borrowings plus total equity including non-controlling interest), ROCE post tax uses effective tax rate (3) ROE (Return on Equity) is Profit for the year divided by closing value of equity including non-controlling interests (4) Debt / Equity: Total debt / equity including non-controlling interests (5) Net Cash Position: Cash + Bank balances + Investments - Debt

Improving returns and surplus cash to fuel future growth

Growth Funded by Internal Accruals

Invested in technology and built capacities for future

Net Cash Position (INR mn)

0.44x 0.43x

0.34x

0.10x

0.04x


2,4642,789

1,832

2,814 2,893


15.0% 15.2%

21.0%

27.9%26.4%

10.5% 12.0%

15.2%

17.5%19.9%

10.4% 9.9%

13.3%

18.5%20.0%


ROCE ROE ROCE Post Tax

-7,091 -7,906 -7,897

442 1,642


2,891


Consolidated Profit and Loss Statement

28Particulars (INR mn) FY 2020 % FY 2019 % FY 2018 %

Revenue from Operation 88,300 100.0% 79,856 100.0% 67,831 100.0%

Cost of Goods sold 63,686 72.1% 59,660 74.7% 52,053 76.7%

Contribution (A) 24,614 27.9% 20,196 25.3% 15,778 23.3%

Employee cost 3,657 4.1% 3,002 3.8% 2,593 3.8%

Other Operating Expenses 9,606 10.9% 7,666 9.6% 5,768 8.5%

Total Operating Expenses (B) 13,263 15.0% 10,668 13.4% 8,361 12.3%

Share of profit/(loss) of JVs (Net of tax) (C) -74 -0.1% -23 0.0% 1 0.0%

EBITDA (A) - (B) + (C) 11,276 12.8% 9,505 11.9% 7,418 10.9%

Other Income 928 1.1% 638 0.8% 516 0.8%

Depreciation 1,609 1.8% 1,414 1.8% 1,330 2.0%

Finance Cost 495 0.6% 1,167 1.5% 937 1.4%

PBT 10,100 11.4% 7,561 9.5% 5,667 8.4%

Income Tax 2,444 2.8% 2,558 3.2% 2,082 3.1%

PAT 7,656 8.7% 5,003 6.3% 3,585 5.3%


Consolidated Balance Sheet

29

Particulars (INR mn) FY 2020 FY 2019 FY 2018

Assets

Non-Current Assets

Fixed Assets 16,632 14,686 13,331

Other Non-current Assets 2,485 2,355 1,891

Total Non-current Assets 19,117 17,041 15,222

Current Assets

Inventories 19,250 19,958 13,657

Investments 400 0 0

Trade Receivables 14,336 13,343 12,908

Cash and Bank Balances 2813 3166 106

Others - Current Assets 3,700 2,774 2,588

Total Current Assets 40,499 39,242 29,259

Total Assets 59,616 56,283 44,481


Equity & Liabilities

Shareholder's Funds

Share Capital 1,489 1,412 1,412

Reserves and Surplus 36,875 27,057 22,064

Total Shareholder’s Funds 38,364 28,470 23,476

Minority Interest 150 84 40

Non-current Liabilities

Borrowings 107 889 1,589

Others - Non-current Liabilities 904 650 831

Total Non-current Liabilities 1,011 1,540 2,420

Current Liabilities

Short-term Borrowings 1,115 1,031 5,687

Trade Payables 13,537 15,202 9,221

Others - Current Liabilities 5,440 9,957 3,636

Total Current Liabilities 20,091 26,189 18,544

Total Equity and Liabilities 59,616 56,283 44,481


Consolidated Annual Cash Flow Statement


Net Cash Flow from Operating Activities 2,446 12,300 3,624

Net cash flow from/(used in) investing activities -2,622 -4,077 -1,878

Net cash flow from/(used in) financing activities 107 -6,514 -1,898

Net Increase / (Decrease in cash and cash equivalents) -69 1,708 -152


2Q FY21 Key Highlights

Notes: (1) Numbers on consolidated basis (2) Revenue: Revenue from operations (3) PAT: Profit After Tax on reported basis and includes exceptional items as explained on slide 11 (4) EBITDA excludes other Income

Top-line (Revenue) Profitability (PAT) Net Cash PositionOperating (EBITDA)

Q2 FY21: 21,137 mn

-6% Y-o-Y

116% Q-o-Q

1H FY21: 30,903 mn

-26% Y-o-Y

Q2 FY21: 3,122 mn

16% Y-o-Y

454% Q-o-Q

1H FY21: 3,685 mn

-25% Y-o-Y

Q2 FY21: 2,216 mn

14% Y-o-Y

88% Q-o-Q

1H FY21: 3,391 mn

3% Y-o-Y

Q2 FY21: 6,276 mn

82% Y-o-Y

205% Q-o-Q


Shareholding Pattern

Notes: As on September 30th 2019

2.1%

6.1%

9.5%

13.8%

68.5%

Domestic Mutual Funds

Foreign Portfolio Investors

International Finance Corporation

Others

Promoters

Notes: As on 30 September 2020. Promoter holding dilution in % terms is on account of issuance of new shares under ESOP scheme.


Leadership Team - Board of Directors

Ajay T Jaisinghani

Whole-Time Director

Inder T Jaisinghani

Chairman and Managing Director

SL Bajaj

Whole-Time Director

Ramesh T Jaisinghani

Whole-Time Director

Pradeep Poddar

Independent DirectorHiroo Mirchandani

Independent Director

TP Ostwal


RS Sharma


Qualified Chartered Accountant & has previously served major leadership role

in Vedanta Ltd, Hindustan Zinc Ltd.

Holds a degree from ICWA

Previously served as Chairman and MD at ONGC Limited

Practicing Chartered Accountant and is a senior partner with T.P Ostwal

and Associates LLP

IIM-Ahemdabad Alumni

Currently on the Boards of Monsanto India Limited, Welspun India Limited,

and Uflex Limited.

Business career of 30+ years. A Chevening Gurukul Scholar from the London School of Economics. Held leadership roles at Dabur,

World Gold Council & BPL Telecom


Leadership Team - Key Management

Bharat A JaisinghaniDirector – FMEG Business (Non-board member)

Nikhil R JaisinghaniDirector – LDC Business(Non-board member)

Anil HarianiDirector – Commodities(Non-board member)

Anil ShipleyExecutive President and Chief Supply Chain Officer

Manoj VermaExecutive President & Chief Operating Officer (CE)

Gandharv TongiaChief Financial Officer

Kunal I JaisinghaniHead – Agri Products

Diwaker BharadwajPresident (Packaging)

Sandeep BhargavaChief Procurement Officer

Sanjeev ChhabraChief Treasury Officer

Shashi AminExecutive President & CBO

Vivek KhannaExecutive President

Sai Subramaniam NarayanaCompany Secretary and Compliance Officer

Vijay Narayanan AnanthanarayananPresident (Strategic Marketing)

• Blend of Entrepreneurial and Professional Management

• Professionals with Prior Experience in Vedanta, Tata Group, Unilever, Havells, Bajaj, SRBC & Co, Crompton, etc.

• Vision to Execute Strategies in a Dynamic Environment

• Extensive Relationships and Deep Business Understanding

Anurag AgarwalExecutive President

Suresh KumarCHRO & Executive President (Strategy and HR)

Note: Designations as on 30 September 2020


Our Social Responsibility – A Philosophy of Empathetic Care

Promoting efficient farming through sessions on soil testing & model farms

Women oriented skill training & creation of self help groups

Deeping of water reservoirsunder Gujarat Government initiated “Sujalam Sufalam” programme in villages of Asoj, Bodidra & Waghodia were deepened

Construction of toilets and providing clean drinking water in Gadhmahuda, Chachariya & Govindpuri village

Improvements in school infrastructure in Chachariya & Baska villages

Leadership Enrichment for Adolescence through Assessment & Development (LEAAD) programme organised, students exposed to leadership building qualities

Study Science, Technology, Engineering & Mathematics (STEM) Laboratory set up for students to learn practical aspects of education

Mobile Medical Unit offering services like OPD, medicines, health talks, camps & counselling in interiors. On an average 90 to 100 patients/day take advantages of these services

Jointly conducted breast tumour detection camp with Shree Halol Stree Samaj

Health camps in Mota Sandhiya, and Jalariya villages

Community Infrastructure Education Health


Enhancing shareholder value

Apr'19 May'19 Jun'19 Jul'19 Aug'19 Sep'19 Oct'19 Nov'19 Dec'19 Jan'20 Feb'20 Mar'20 Apr'20 May'20 Jun'20 Jul'20 Aug'20 Sep'20

POLYCAB BSE SENSEX NIFTY NIFTY 500 MSCI India

25.2%

(-1.2%)

(3.1%)

(4.6%)

(4.5%)

Market Cap in USD calculated using USD INR spot rate of 73.6

Market CapINR 122.1 Bn (USD 1.66 Bn) (as of 30 September 2020)


Safe Harbour

This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as

‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and

similar expressions or variations of these expressions or negatives of these terms indicating future performance or results, financial or

otherwise, which are forward looking statements. These forward looking statements are based on certain expectations, assumptions,

anticipated developments and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, market

growth, intense competition and the pricing environment in the market, consumption level, ability to maintain and manage key

customer relationship and supply chain sources and those factors which may affect our ability to implement business strategies

successfully, namely changes in regulatory environments, political instability, change in international copper, aluminum, oil prices and

input costs and new or changed priorities of the trade. The Company, therefore, cannot guarantee that the forward-looking statements

made herein shall be realized. The Company, based on changes as stated above, may alter, amend, modify or make necessary corrective

changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as

may be required from time to time on the basis of subsequent developments and events. The Company does not undertake any

obligation to update forward looking statements that may be made from time to time by or on behalf of the Company to reflect the

events or circumstances after the date hereof.


Thank you

Polycab India LimitedCIN: L31300GJ1996PLC114183

Contact us

For investor relations: [email protected]

For queries on shares & investor grievance: [email protected]

Website: www.polycab.com

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